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作者：Bol, Jasmijn C.; Estep, Cassandra; Moers, Frank; Peecher, Mark E.
作者单位：Tulane University; Emory University; Maastricht University; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Two critical aspects of the model of auditor expertise development in Tan and Libby [1997] are that audit firms do not value tacit knowledge in inexperienced auditors but do value it in experienced auditors. We update the former and extend the latter. Our paper predicts and finds that audit firms now do value tacit knowledge in inexperienced auditors, especially when their supervisors have higher tacit knowledge. Our proxies of value include higher promotability assessments, annual evaluations...
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作者：Cianciaruso, Davide; Sridhar, Sri S.
作者单位：Hautes Etudes Commerciales (HEC) Paris; Northwestern University
摘要：Firms sometimes obtain soft private information about growth prospects along with hard information about current or past performance. In this environment, we find that optimizing disclosures over multiple periods yields nonlinear stock price reactions following both voluntary and mandatory disclosures. Further, we derive several predictions about distinct short-run and long-run effects of disclosures and nondisclosures on security prices. Under specified conditions, when the volatility of the ...
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作者：Van Duin, Sanne R.; Dekker, Henri C.; Wielhouwer, Jacco L.; Mendoza, Juan P.
作者单位：Vrije Universiteit Amsterdam
摘要：In collaboration with the Authority for the Financial Markets in the Netherlands, we manipulate the content of official letters that instruct financial intermediaries to submit a mandatory self-assessment. As part of the Registered Report Process, we submitted our hypotheses, experimental procedure, and planned statistical analyses before data collection. We predicted that a request indicating a supportive regulatory attitude has a positive effect on reporting quality on average. We also predi...
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作者：Bonner, Sarah; Majors, Tracie; Ritter, Stacey
作者单位：University of Southern California
摘要：Risk assessment is a critical audit task, as auditors' accuracy therein affects audit effectiveness and financial reporting quality, as well as audit efficiency. We propose that risk assessment accuracy for client risks that have changed from the prior year is affected by the manner in which auditors access prior year risk assessments, specifically whether they face a default option created by the prepopulation of current year workpapers with those assessments. We find that auditors with prepo...
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作者：Bloomfield, Robert; Rennekamp, Kristina; Steenhoven, Blake
摘要：The papers in this volume were published through a Registration-based Editorial Process (REP). Authors submitted proposals to gather and analyze data; successful proposals were guaranteed publication as long as the authors lived up to their commitments, regardless of whether results supported their predictions. To understand how REP differs from the Traditional Editorial Process (TEP), we analyze the papers themselves; conference comments; a survey of conference authors, reviewers, and attende...
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作者：Eyring, Henry; Narayanan, V. G.
作者单位：University of London; London School Economics & Political Science; Harvard University
摘要：We conduct a field experiment, based on a registered report accepted by the Journal of Accounting Research, to test performance effects of setting a high reference point for peer-performance comparison. Relative to providing the median as a reference point for online students to compare themselves to, providing the top quartile: damps performance for those below the median, boosts performance for those between the median and top quartile, and, in the case of outcome but not process comparison,...
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作者：Call, Andrew C.; Martin, Gerald S.; Sharp, Nathan Y.; Wilde, Jaron H.
作者单位：Arizona State University; Arizona State University-Tempe; American University; Texas A&M University System; Texas A&M University College Station; University of Iowa
摘要：Whistleblowers are ostensibly a valuable resource to regulators investigating securities violations, but whether there is a link between whistleblower involvement and the outcomes of enforcement actions is unclear. Using a data set of employee whistleblowing allegations obtained from the U.S. government and the universe of enforcement actions for financial misrepresentation, we find that whistleblower involvement is associated with higher monetary penalties for targeted firms and employees and...
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作者：Chen, Wei; Hribar, Paul; Melessa, Samuel
作者单位：University of Iowa
摘要：We analyze a procedure common in empirical accounting and finance research where researchers use ordinary least squares to decompose a dependent variable into its predicted and residual components and use the residuals as the dependent variable in a second regression. This two-step procedure is used to examine determinants of constructs such as discretionary accruals, real activities management, discretionary book-tax differences, and abnormal investment. We show that the typical implementatio...
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作者：Bernard, Darren; Cade, Nicole L.; Hodge, Frank
作者单位：University of London; London Business School; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Washington; University of Washington Seattle
摘要：Using an experiment to rule out reverse causality, we examine whether a small investment in a company's stock leads investors to purchase more of the company's products and adopt other views and preferences that benefit the company. We preregister our research methods, hypotheses, and supplemental analyses via the Journal of Accounting Research's registration-based editorial process. We find little evidence consistent with these hypotheses for the average investor in our sample using our plann...
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作者：Antle, Rick; Bogetoft, Peter
作者单位：Yale University; Copenhagen Business School
摘要：We investigate optimal rationing of resources and organizational slack when a principal procures from an agent with private information about fixed and variable costs. We study the problem in a two-period setting with persistent types and investigate how the optimal rationing and slack depend on whether production increases or decreases over time. We find that rationing in a dynamic model with persistent types is extra costly, since the types that are eliminated in period 1 might have been att...
